Lauren owns 3000 shares of fenmore stock constituting 30% of its single class of stock. lauren had acquired 1500 shares 5 years ago for $20,000, 1000 shares 3 years ago for $10,000, and 500 shares 1 year ago for $30,000. fenmore completely liquidated and lauren received land held by fenmore as an investment worth $100,000 wiath a base to fenmore of $20,000. fenmores earnings and profits before liquidation were $90,000. what is laurens gain or loss?

a. $100,000 dividend
b. $90,000 dividend, $10,000 return of capital
c. $80,000 capital gain
d. $40,000 capital gain

What is the most direct result of free trade supplying productive resources to areas where they're most needed? a. enhanced efficiency b. lower interest rates c. increasing specialization d. greater competition 2b2t

Peppy roaney believes that pizza is a much more versatile dish than most people realize. as the national marketing manager for pizza guys, he observed how consumers were delighted with barbecue pizza, hawaiian pizza, mexican pizza and other unique combinations. his suggestions for other unusual pizzas, however, were met with a negative response by his superiors. even some of his colleagues laughed at his ideas. peppy's confidence in his ability to understand the market has led him to focus on planning a business of his own. peppy realizes that he will take a risk when he leaves his job with pizza guys and embarks upon a new venture: peppy's pizzazzeria. peppy is excited about the potential of profitably catering to the unmet desires of pizza consumers. peppy is confident that peppy's pizzazzeria will be a success, but only if he has enough money to do things right. since peppy has very little personal wealth, he knows he must obtain financial assistance. in order to prepare for meetings with bankers and p

The 39 percent and 38 percent tax rates both represent what is called a tax "bubble." suppose the government wanted to lower the upper threshold of the 39 percent marginal tax bracket from $335,000 to $208,000. what would the new 39 percent bubble rate have to be? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places,e.g., 32.16.)